Majan Telecommunications LLC

Renna Mobile was the first Mobile Virtual Network Operator (MVNO) in the Sultanate of Oman. OBIC acquired a majority stake in the company in 2012, at a time when it was in distress. The hands-on management style of OBIC proved vital in turning around the operations and finances of the company and giving it strategic direction. The various measures undertaken by OBIC led to an impressive growth in revenues and subscriber base, and consequently OBIC was able to successfully exit from the investment in 2016 to a competitor in the market.